PDS Planning Inc Increases Position in NextEra Energy, Inc. (NYSE:NEE)

PDS Planning Inc increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 11.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,570 shares of the utilities provider’s stock after purchasing an additional 1,599 shares during the quarter. PDS Planning Inc’s holdings in NextEra Energy were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Bellwether Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth $33,000. Copia Wealth Management acquired a new position in NextEra Energy during the fourth quarter worth $36,000. Promus Capital LLC purchased a new position in NextEra Energy during the fourth quarter valued at $45,000. Finally, Graney & King LLC purchased a new position in NextEra Energy during the fourth quarter valued at $46,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $70.39 on Thursday. The business’s 50 day moving average price is $69.80 and its 200 day moving average price is $70.22. The company has a market cap of $144.91 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 2.52 and a beta of 0.68. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.91 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. The ex-dividend date was Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.22%. NextEra Energy’s payout ratio is 84.64%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NEE shares. Barclays cut their target price on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, June 18th. UBS Group cut their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.50.

Insider Activity

In other news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the sale, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.